Omnitek Engineering Corporation (OTCBB:OMTK) today announced the appointment of CNG One Source of New York, Inc, based in Clarence, New York, as a dealer and authorized installer of its diesel-to-natural gas conversion kits in the state. Terms were not disclosed.

"The addition of CNG One Source of New York to our growing network of domestic conversion centers provides a solid platform for growth in a region with significant supplies of natural gas," said Werner Funk, president and chief executive officer of Omnitek Engineering Corporation.

The company expects to announce similar conversion center partners throughout the country during the next few months in anticipation of receiving Environmental Protection Agency certification for its diesel-to-natural gas engine conversion kits for the domestic market for certain heavy-duty truck engines, including the Navistar DT466.

"Our fleet customers are extremely interested in diesel engine conversions and the economic benefits of utilizing natural gas. We look forward to working with Omnitek and accelerating the adaption of natural gas in the New York region," said Karen Teslovich, president of CNG One Source of New York, Inc.

Funk noted that Omnitek's conversion technology offers a projected return on investment of less than two years – a significant advantage compared with a projected return on investment of five-to-seven years for a new natural gas truck purchase.

About CNG One Source of New York

CNG One Source of New York, Inc. is a wholly owned subsidiary of CNG One Source, Inc. based in Franklin, Pennsylvania. The company is a leader in the CNG industry, providing solutions to businesses, municipal governments and consumers -- offering "one source" for CNG applications, including feasibility studies, fleet conversions, refueling stations, maintenance, service and training.

About Omnitek Engineering Corporation

Omnitek Engineering, Corp. develops and sells new natural gas engines, as well as proprietary diesel-to-natural gas conversion systems -- providing global customers with innovative alternative energy and emissions control solutions that are sustainable and affordable.

Some of the statements contained in this news release discuss future expectations, contain projections of results of operations or financial condition or state other "forward-looking'' information. These statements are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on various factors and is derived using numerous assumptions. Important factors that may cause actual results to differ from projections include, among many others, the ability of the Company to raise sufficient capital to meet operating requirements, completion of R&D and successful commercialization of products/services, patent completion, prosecution and defense against well-capitalized competitors. These are serious risks and there is no assurance that our forward-looking statements will occur or prove to be accurate. Words such as "anticipates,'' "expects,'' "intends,'' "plans,'' "believes,'' "seeks,'' "estimates,'' and variations of such words and similar expressions are intended to identify such forward-looking statements. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Gary S. Maier
         Maier & Company, Inc.
         (310) 442-9852
         gmaier@maierco.com
OmniTek Engineering (QB) (USOTC:OMTK)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024 OmniTek Engineering (QB) 차트를 더 보려면 여기를 클릭.
OmniTek Engineering (QB) (USOTC:OMTK)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024 OmniTek Engineering (QB) 차트를 더 보려면 여기를 클릭.